CFO
Dana Bay Tourism Company - Subsidiary of Jenan Real Estate
Total des années d'expérience :19 years, 3 Mois
PROFESSIONAL SUMMARY
Dana Bay Tourism Company (a subsidiary of Jenan Real Estate Company), Half Moon Bay, Khobar, Saudi Arabia. (Real Estate and Hospitality) 6/2014 - Present CFO -Reporting to Managing Director.
• Challenge the financial feasibilities of the new projects and investments in order to support the president’s final decision.
• Oversee the capital structure of the company, determining the best mix of debt and equity.
• Prepare business plans, periodical cash flow & Budgets.
• Raise funds to structure and ensure financial closure by arranging debt and equity for the running and future projects through financial institutions / investment banks.
• Responsible for the company’s present financial condition, to decide how to invest the company’s money, taking into consideration risk and liquidity.
• Responsible for the strategic financial planning & budgetary control.
• Clarify financial objectives, design and implement systems, policies and procedures to facilitate internal financial control.
• Formulate budgets and conduct variance analysis to determine differences between projected and actual results and implement corrective measures.
• Analysis of monthly Management reports on project level, company level and profitability levels, and analysis of data to determine areas for overall cost reduction.
• Monitor and review key value drivers and overheads to optimize cost and risk.
• Understand and mitigate key elements of the company’s risk profile.
• Ensure availability of appropriate insurance coverage including property, fidelity, medical, vehicles, etc...
• Responsible for analysing and presenting periodic financial statements, MIS reports and budgets to the higher management and helping them in taking right business decisions.
Jenan Real Estate Company, Khobar, Saudi Arabia 03/2011 - 06/2014
(Real Estate)
Finance Manager - Reporting to the CFO
• Establish financial relationships with investors, bankers, shareholders, investment bankers and financial analysts and maintain an open line of communication with these business partners.
• Ensure the company has the funds needed for future projects and secure the required funds from the banks and other financial institutions when needed.
• Direct the preparation of company and departmental budgets and cash flow forecasts, monitor financial performance and participate in the preparation of business plans.
• Responsible for presenting and reporting accurate and timely financial information of the company and contribute to high level meetings.
• Oversee cost, look for ways to lower expenses and evaluate the financial situation of the company.
• Develop KPI's and monitor performance versus budget for the company and finance department.
• Dealing with internal and external auditors for audit related issues during audit periods typically quarters and year end
Ernst & Young 06/2008-03/2011
Senior Auditor (Assurance services)
• Worked on a portfolio of clients in the petrochemical, manufacturing, trading, contracting, Food and Beverage, and Real Estate industries
• Key involvement in the internal audit executions, setting procedures, valuation and other services assignments for large and reputable companies
• Responsibilities included the planning of the audit, risk assessment and the development of the audit programs and managing the execution of the work
• management of a team, responsible for the review of work and ensure the quality of final deliverables
•Challenge the financial feasibilities of the new projects and investments in order to support the president’s final decision.
•Oversees the capital structure of the company, determining the best mix of debt, equity and internal financing.
•Establish financial relationships with investors, bankers, shareholders, investment bankers and financial analysts and line of communication open with these business partners.
•Ensure the company has the funds needed for future projects and secure the required funds from the banks and other financial institutions when needed.
•Direct the preparation of the company and departmental budgets and cash flow, monitoring financial performance and participate in the preparation of the business plans.
•Using tools such as financial statement ratio analysis and balanced scorecard to determine the financial state of the company and to determine if the current performance of the company needs improvement.
•Responsible for presenting and reporting accurate and timely financial information of the company and participate contribute to high level meetings.
•Oversee cost, look for ways to lower expenses and evaluate the financial situation of the company.
•Develop KPI's and monitor performance versus budget for the company and finance department.
•Dealing with internal and external auditors for audit related issues during audit periods typically quarters and year end
Worked on a portfolio of clients in the petrochemical, manufacturing, trading, contracting, restaurants and Real Estate industries
• Key involvement in the internal audit executions, setting procedures, valuation and other services assignments for large and reputable companies
•Responsibilities included the planning of the audit, risk assessment and the development of the audit programs and managing the execution of the work
•management of a team, responsible for the review of work and ensure the quality of final deliverables
•Worked on a portfolio of clients engaged in manufacturing, service, USAID funded projects & Not for profit organizations
•Executed due diligence & internal audit assignments
Certified Public Accountant from The American Institute of Certified Public Accounats
CPA, CMA
Major : Accounting
